Thai Union Reports Sales Volume Grows While Value Drops in Q3 Due to Currency Values
Thai Union released its third quarter 2019 financials yesterday, reporting 3.8% growth in sales volume with slight improvements in gross profit margins.
Sale value, however, was down 6.8 percent to US$1.05 billion (THB 31,838 million) due to the strong Thai baht appreciation against key currencies, US and EU predominantly. Without the impact of foreign exchange, sales during the quarter would have weakened 1.3 percent year-on-year amid the company's strength in higher sales volume growth of 3.8 percent, driven by the frozen ...
To Read Full Story Login Below.